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Microcap & Penny Stocks : Liteglow (LTGL) -- Ignore unavailable to you. Want to Upgrade?


To: jebj who wrote (4172)3/5/1999 12:39:00 PM
From: AriKirA  Respond to of 4715
 
X Time Price Change Volume
Q 1999-03-05 11:52:24 0.420 -0.040 100
Q 1999-03-05 11:39:50 0.480 0.020 1000
Q 1999-03-05 11:05:08 0.420 -0.040 7000
Q 1999-03-05 11:04:54 0.500 0.040 1000
Q 1999-03-05 10:55:44 0.420 -0.040 1100
Q 1999-03-05 10:40:50 0.460 0.000 300
Q 1999-03-05 10:38:36 0.450 -0.010 2200
Q 1999-03-05 10:37:56 0.500 0.040 14000
Q 1999-03-05 10:34:56 0.440 -0.020 500
Q 1999-03-05 10:19:36 0.500 0.040 10000
Q 1999-03-05 10:17:58 0.500 0.040 1000
Q 1999-03-05 09:58:22 0.440 -0.020 5000
Q 1999-03-05 10:03:20 0.440 -0.020 600
Q 1999-03-05 10:00:34 0.460 0.000 50000
Q 1999-03-05 10:00:12 0.500 0.040 600
Q 1999-03-05 09:59:22 0.460 0.000 400
Q 1999-03-05 09:59:16 0.500 0.040 3000
Q 1999-03-05 09:47:24 0.450 -0.010 5000
Q 1999-03-05 09:31:50 0.500 0.040 2000
Q 1999-03-05 09:31:08 0.500 0.040 800

Notice how the MM's are manipulating this stock?

Yes, there was a 50,000 lot that was a sell. This dropped the bid by 0.02. However, there were 2 big lots that were buys (10,000 and 14,000) which had no effect on the bid-ask. Then they drop the bid by another 0.02 because of 2,500 shares. Pretty pathetic!

As to the eligibility rule:

The new requirement applies immediately to any company first quoted on the OTCBB after January 4, 1999. Securities already quoted on the OTCBB as of January 4, 1999, will have until at least July 1999 to comply with the new requirements. The rule will be phased in over a 12 month period beginning in July 1999 and continuing through June 2000 in alphabetical increments based upon the company's name as of January 4, 1999. In June 2000, the rule will apply to all companies on the OTCBB.

Is this a last attempt by management to boost the share price in order to sell some additional shares before they announce that they won't be able to comply with said requirements? Or maybe, just maybe, the audited numbers will not reflect the profits that people are anticipating.

Some food for thought!

Regards
AK




To: jebj who wrote (4172)3/5/1999 12:48:00 PM
From: AriKirA  Read Replies (2) | Respond to of 4715
 
No dilution between February 17 and March 5.

February 23, 1999 16:20

Liteglow Industries Announces Deal to Supply OEM Equipment to Winnebago Industries
[...]
On February 17th, 1999, the transfer agent reported to us that there were 249 shareholders holding 629 certificates, of which 3,177,988 were free trading shares, with an additional 403,251 restricted shares that totaled 3,581,239 shares of common stock.


March 5, 1999 9:31

Liteglow Industries Inc. Strong Sales and Profits
[...]
This would result in earnings per share of approximately $0.15, based upon the 3.5 million common shares currently outstanding, as the earnings are already approaching 3 cents per share for the first two months of 1999!


That is the company's position...

AK



To: jebj who wrote (4172)3/6/1999 5:13:00 AM
From: Mr. Jens Tingleff  Respond to of 4715
 
This was the day I was talking about:
Date closing open high low volume
2/24/99 .240 .240 .240 .200 242,300
quote qty d&t value
0.24 3,300 Wed02/24/199903:40:20PM 792
0.21 100 Wed02/24/199903:16:20PM 21
0.2 170,000 Wed02/24/199910:31:00AM 34000
0.24 59,000 Wed02/24/199910:30:30AM 14160
0.21 1,200 Wed02/24/199910:18:10AM 252
0.24 2,000 Wed02/24/199909:38:30AM 480
0.24 3,700 Wed02/24/199909:38:30AM 888
0.24 1,000 Wed02/24/199909:32:00AM 240
0.24 2,000 Wed02/24/199909:30:50AM 480

I was not able to get the details from the time of the previous
press release.

-----

RE: February 23, 1999 16:20

Liteglow Industries Announces Deal to Supply OEM Equipment to
Winnebago Industries [...]

On February 17th, 1999, the transfer agent reported to us that
there were 249 shareholders holding 629 certificates, of which
3,177,988 were free trading shares, with an additional 403,251
restricted shares that totaled 3,581,239 shares of common stock.


Question to this one is wether is is possible that only 12% of the
shares are restricted - There were share swaps in the acquisitions!
The swaps were restricted - would they after the reverse be
unrestricted ?? - I cannot imagine that.

Kr
Jens